Titan Media App reported on May 20 that Tencent has internally issued the "Notice on the Organizational Structure Adjustment of the OVBU Sports Business Department" to adjust Tencent's sports business, cancel the basketball business center/basketball operation group, and cancel the football business. There are six business groups including business center/football operation group. The internal letter stated that the reason for the change was based on changes in the external market environment and the adjustment needs of the company’s business, combined with Tencent’s decision to optimize the overall organization. OVBU refers to the Online Video Business Unit, which belongs to the Tencent Platform and Content Business Group (PCG). Tencent has yet to publicly respond to the matter. (Source: Surging)
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- 2022-05-20 Tencent Sports was exposed to adjust its organizational structure, and six major business groups including the football and basketball operation group were revoked
- 2019-03-18 It is reported that Tencent has laid off 10% of middle-level cadres
- 2018-09-29Tencent made its first large-scale internal structure adjustment after a lapse of 6 years, and the seven major business groups became six major business groups
- 2018-09-07 Tencent: 6,000 layoffs are false rumors, and it’s too late to recruit
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